https://www.taxtmi.com/caselaws?id=273747 State subsidy in the form of an entertainment duty exemption for newly established multiplex theatre complexes for three years, followed by payment of duty at 25% for two years, was characterised as a capital receipt rather than a revenue helping hand; this classification determined tax treatment and led to dismissal of the appeals by reference to the controlling precedent, with the operative effect that the exemption scheme does not qualify as revenue subsidy for the assessees and the related tax claims fail. en-us Tue, 08 May 2018 00:00:00 +0530 Thu, 22 Jan 2026 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273747 State subsidy in the form of an entertainment duty exemption for newly established multiplex theatre complexes for three years, followed by payment of duty at 25% for two years, was characterised as a capital receipt rather than a revenue helping hand; this classification determined tax treatment and led to dismissal of the appeals by reference to the controlling precedent, with the operative effect that the exemption scheme does not qualify as revenue subsidy for the assessees and the related tax claims fail. Case-Laws Income Tax Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273747